WORLEY LIMITED (WOR)
Share Price Analysis and Chart

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WOR - WORLEY LIMITED

FNArena Sector : Energy Sector Contracting
Year End: June
GICS Industry Group : Energy
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Worley is a global engineering company providing project and asset services to the energy, chemicals and resource sectors. The company has been listed since 2002. Has started to diversify via renewable energy projects.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$10.55

05 Mar
2021

-0.020

OPEN

$10.70

-0.19%

HIGH

$10.78

992,155

LOW

$10.38

TARGET
$11.288 7.0% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
MND . MRM . MSV . PRN . DCG .
MARKET CONSENSUS FORECAST
WOR: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 32.8 43.9 xxx
DPS (cps) xxx 50.0 44.2 xxx
EPS Growth xxx - 9.9% 33.8% xxx
DPS Growth xxx 81.8% - 11.6% xxx
PE Ratio xxx N/A 24.0 xxx
Dividend Yield xxx N/A 4.2% xxx
Div Pay Ratio(%) xxx 152.4% 100.8% xxx

Dividend yield today if purchased 3 years ago: 3.44%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

4.74

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 01/03 - 25c (0%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Credit Suisse

24/02/2021

3

Neutral

$10.00

-5.21%

Note to Credit Suisse: WorleyParsons no longer exists. Back to the real world, Worley's 2021 first-half result nosed out Credit Suisse's forecast.

While capital expenditure is a key driver, the broker says the outlook is weak in FY21 and this could extend into FY22.

Management's identification of carbon capture as strategically important after receiving a FEED award has the broker worried, but the broker doubts it will result in material expenditure, this decade or next. 

Credit Suisse perceives Worley as highly bankable and well exposed to a market recovery and upcycle across energy, resources and stimulus-fired growth; but doesn't spy a recovery within the next two years and thus prefers to stay on the sidelines given the degree of recovery priced in. 

Target price rises to $10 from $9.20. Neutral rating retained.

FORECAST
Credit Suisse forecasts a full year FY21 dividend of 44.38 cents and EPS of 40.84 cents.
Credit Suisse forecasts a full year FY22 dividend of 38.70 cents and EPS of 56.39 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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WOR STOCK CHART